News

The combined net assets of U.S. variable annuities rose more than 11% in the second quarter, according to the Insured Retirement Institute (IRI).

Mary Wong, the former adviser of Michael Vick recently sued by the Department of Labor (DoL) and Vick, now has more legal problems to deal with.

Large U.S. companies have made changes to the investment lineups of their defined contribution (DC) plans, according to Watson Wyatt.

DWS Investments, the U.S. retail unit of Deutsche Bank’s global asset management division, has announced the appointment of Michael J. Woods as U.S. head of distribution.

No matter how tight your—or your plan sponsor clients'—budget is, the Profit Sharing/401k Council of America (PSCA) has materials available that will...

Wells Fargo & Company has announced the launch of the Wells Fargo Build America Bond Index. 

The Retirement Advantage, Inc. (TRA), has announced the acquisition of 401(k) Administrators out of Las Vegas.

Many 403(b) plan sponsors are facing for the first time not only Form 5500 reporting, but a plan audit if the plan covers 100 or more participants.

The Financial Industry Regulatory Authority (FINRA) said today that it has barred Tamara Lanz Moon of Redwood City, California, from the securities industry for stealing more than $850,000...

A study from asset management consultant kasina found that most sales and national accounts professionals experienced total compensation declines ranging from 10% to 30% in 2008.

Robert McCann, the former head of wealth management at Merrill Lynch & Co., sued Bank of America Corp. (BofA) in a dispute over his non-compete clause, according to...

The Securities and Exchange Commission (SEC) and Bank of America Corp. yesterday defended their proposed $33-million settlement over executive bonuses paid to Merrill Lynch executives.

A federal judge approved a $17-million settlement in a stock-drop case against UnitedHealth Group.

Prudential Annuities said its new Web site educates consumers about variable annuities in language that makes sense.

Plan sponsors might want to prepare for the possibility of retirement plan limits dropping for 2010, Mercer said.

Aon Consulting Worldwide has appointed Martha Spano as a senior vice president and Central West Coast regional leader for Aon Investment Consulting in the Los Angeles office.

Security Administrators, Inc., a subsidiary of Security Mutual Life Insurance Company, introduced a guide about fully insured plans and cash balance plans.

The MetLife Broker-Dealer Group unveiled an automated advisory product to capture emerging investors, or those investors with as little as $10,000 to invest.

Prudential Annuities said it adjusted its annuity optional benefits, which allow investors to “lock in” the highest daily value of their annuity contract each day the market is...

HSBC will launch Tuesday the HSBC FTSE 100 ETF, the bank's first European exchange-traded fund (ETF).